Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[francisfinley]

its so hard trading today

i am thinking of calling it quits for the day guys

the range is too tight

anyone who has made money this week is a very good trader in my book

WS, im beginning to think its best to trade just the ftse from 6.30am - 12pm and not trade the rest of the day at all. i seem to have a knack for the ftse during this time.

when the us opens they throw the ftse around like no end!!

wot are your thoughts?

 

[minime69]

WS, im beginning to think its best to trade just the ftse from 6.30am - 12pm and not trade the rest of the day at all. i seem to have a knack for the ftse during this time.

when the us opens they throw the ftse around like no end!!

wot are your thoughts?

the FTSE cash and Future open @ 8.00, so what you are trading before this is following the US of A any hows.

 

[wallstreet1928]

the FTSE cash and Future open @ 8.00, so what you are trading before this is following the US of A any hows.

Aaah yes my favourite T2W colleague, hows it going in the oil pits my friend?

some crazy swings there hey?

I played a short yesterday and did pretty well

$54 is getting weaker and weaker ............and its a matter of time before we burst through it and that will coincide with FTSE breaking 3940 in my opinion .......oil stocks rallying


a bit of a wedge forming here

 

[MartinC-J]

Was there any financial news at 10am that caused the reversal? I've found it tough to call today. I've been stopped out twice already.

 

[wallstreet1928]

OK chaps i am signing off and going to the gym

i have opened a FTSE long position

I am long 3906 ...stop loss 3876

risky trade but worth it considering anything under 3900 gets bought straight away

 

[francisfinley]

the FTSE cash and Future open @ 8.00, so what you are trading before this is following the US of A any hows.

i like to do my homework when i get up to get me my bearings so im ready for the pullback or peak just before the open and go from there.

do you guys have a favourite time? i sometimes switch to the s&p at lunch time as the ftse does get thrown around..

 

[bw81]

i like to do my homework when i get up to get me my bearings so im ready for the pullback or peak just before the open and go from there.

do you guys have a favourite time? i sometimes switch to the s&p at lunch time as the ftse does get thrown around..

yes i do the same, Im up about 6.30am and see whats happened over night then check support and resistance levels. I prefer S&P later in afternoon as its a safer level to trade, i would need a very stiff whiskey to have the bottle to trade the Dow.

 

[minime69]

Aaah yes my favourite T2W colleague, hows it going in the oil pits my friend?

some crazy swings there hey?

I played a short yesterday and did pretty well

$54 is getting weaker and weaker ............and its a matter of time before we burst through it and that will coincide with FTSE breaking 3940 in my opinion .......oil stocks rallying


a bit of a wedge forming here

its OK, but then mechanical trading is. this takes out all the emotions of trading.


good luck.

 

[francisfinley]

yes i do the same, Im up about 6.30am and see whats happened over night then check support and resistance levels. I prefer S&P later in afternoon as its a safer level to trade, i would need a very stiff whiskey to have the bottle to trade the Dow.

im rewriting my trading plan that i wrote in december. i have my system rules but i have to refine my trading plan every so often to get continuous improvement. i can look at areas of improvement that i have tried to address mentally but cannot change. for instance my big area of improvement at the moment is letting a trade run to a predefined target. for that reason i could just take 10 points each time and see how it works... i use the template off this site which is very helpful..

mark douglas has helped a hell of a lot also if you need to work on that 80% you!

 

[lapalabra]

im rewriting my trading plan that i wrote in december. i have my system rules but i have to refine my trading plan every so often to get continuous improvement. i can look at areas of improvement that i have tried to address mentally but cannot change. for instance my big area of improvement at the moment is letting a trade run to a predefined target. for that reason i could just take 10 points each time and see how it works... i use the template off this site which is very helpful..

mark douglas has helped a hell of a lot also if you need to work on that 80% you!

Hey FF - sorry, been looking for the template you refered to, could you point me in teh right direction?

 

[candles]

short ftse her 3904

 

[candles]

short ftse her 3904

Covering that one here for a quick plus 10 scalp.
so 30 pips on the ftse now.
Time for lunch, and hit the Dow/ES later on

 

[francisfinley]

Hey FF - sorry, been looking for the template you refered to, could you point me in teh right direction?

http://www.trade2win.com/media/knowledge/tim-wilcox/T2W_Trading_Plan_Template_2005.pdf

here is the trading plan.

have a go with that, dont just write what the examples are or just money!!

this is really useful if you review it every so often, have a trading plan, have read mark douglas and keep accounting records!

basically if you approach this as your own business it starts to kick in.

 

[lapalabra]

http://www.trade2win.com/media/knowledge/tim-wilcox/T2W_Trading_Plan_Template_2005.pdf

here is the trading plan.

have a go with that, dont just write what the examples are or just money!!

this is really useful if you review it every so often, have a trading plan, have read mark douglas and keep accounting records!

basically if you approach this as your own business it starts to kick in.

Cheers FF, much appreciated, will have a gander and digest

 

[bw81]

OK the FTSE is now forming up inside a triangle on the 10 minute chart, we should see some action either way.

 

[wallstreet1928]

OK chaps i am signing off and going to the gym

i have opened a FTSE long position

I am long 3906 ...stop loss 3876

risky trade but worth it considering anything under 3900 gets bought straight away

just got back from the gym and a stroll in cheadle park

closed position for 12 points profit ( I didn't realise i put 3866 stop loss in by accident...haha!!)

I am happy to sit this out guys

let the bulls and bears fight it out

823 & 3940 once gain

 

[Trader1UK]

Scalpers market today i guess... ill be looking for quick scalps

 

[ivan1129]

was that Bruntwood park?????

 

[wallstreet1928]

was that Bruntwood park?????

yes indeed thats the one my friend

I went to david lloyds and then met up with a friend and went for a bit of fresh air

the archery group were not out today

 

[ivan1129]

very nice, whats the weather like-im out of country at the moment